Saturday, September 21 2019

March 1, 2019

Rs 2.87 lakh crores have been recovered by the Public Sector banks

New Delhi-The Union Minister of Finance & Corporate Affairs, Arun Jaitley said the Public Sector Banks are the lifeline of Indian economy.The growth of our economy depends on PSBs ability to flow credit to the market and maintain sufficient liquidity said Jaitley. If that doesn’t happen, the economy as a whole will shrink. He said that if their health is not good, then economy at large will also suffer. The Finance minister was speaking at the Conference on Reforms Journey for EASE in Public Sector Banks. PSBS dont enjoy the same level of freedom that private sectors banks enjoy. Despite these obvious restraints, these EASE norms will prove to be an important milestone as far as PSBs are concerned.